• DocumentCode
    2323574
  • Title

    Research on Bertrand dual-oligopoly dynamic game model

  • Author

    Chen, Jizhi

  • Author_Institution
    Bus. Sch., Hohai Univ., Nanjing, China
  • Volume
    1
  • fYear
    2010
  • fDate
    9-10 Jan. 2010
  • Firstpage
    226
  • Lastpage
    229
  • Abstract
    By difference equation, we study the equilibrium solution and the dynamic change process of the Bertrand price competition model under the same condition of duopolistic market cost, give the model of dynamic change, come to the conclusion that whatever manufactures choose about price the equilibrium solution only exists, and prove that the manufacture´s price change process must be the monotonic process, and develop relative conclusions of the Bertrand model.
  • Keywords
    game theory; oligopoly; pricing; Bertrand dual-oligopoly dynamic game model; Bertrand price competition model; difference equation; duopolistic market cost; dynamic change process; equilibrium solution; manufacture price change process; Cost function; Difference equations; Electronic mail; Manufacturing processes; Nash equilibrium; Oligopoly; Packaging; Production; Reflection; Virtual manufacturing; Bertrand Model; Dynamic Change; Equilibrium; Price;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Logistics Systems and Intelligent Management, 2010 International Conference on
  • Conference_Location
    Harbin
  • Print_ISBN
    978-1-4244-7331-1
  • Type

    conf

  • DOI
    10.1109/ICLSIM.2010.5461433
  • Filename
    5461433